If the SHTF then I’d say a truckload of 22 long rifle cartridges would be more valuable than gold coins.
Those bags of old silver US coins (dimes and quarters) might be nice though. Gold coins have too high a value to buy groceries with in a SHTF economy. I mean what ya gonna do, file off a few flakes to buy a dozen eggs? A silver dime or a small box off 22lr would be welcomed anywhere for small purchases.
“If the SHTF then I’d say a truckload of 22 long rifle cartridges would be more valuable than gold coins.
Those bags of old silver US coins (dimes and quarters) might be nice though. Gold coins have too high a value to buy groceries with in a SHTF economy. I mean what ya gonna do, file off a few flakes to buy a dozen eggs? A silver dime or a small box off 22lr would be welcomed anywhere for small purchases.”
Maybe the post of the day ;-)
You can find a Milton Friedman quote on this>>>>
:
:
:
:
:
Silver was the first metal to be used as a currency more than 4,000 years ago. For millennia, silver has been viewed by the world as a form of money and as a store of value. For centuries, monetary systems around the globe relied upon the silver standard as an economic unit of account. According to Nobel Laureate and world-renowned economist, Milton Friedman, “the major monetary metal in history is silver, not gold.” Because silver is more reasonably priced, and therefore more accessible to the common man, it has been called the “poor man’s gold.” It has been said that “Gold is the money of kings; silver is the money of gentlemen; barter is the money of peasants; but debt is the money of slaves.”
No one asks the question:
If the economy completely fails who will buy my gold?
This question is never asked. Who would?
If the method of payment for your gold is dollars and dollars were worthless what would you do?
You can’t go into the grocery store and shave a sliver of it off to pay for milk and bread. You won’t be able to go to the bank and exchange it for worthless dollar bills.
What would you do? The answer is “you have been screwed!”
In a complete collapse of our fiscal system trading will become a way of life. The main things that will be traded are food, shelter and transportation. Barter will be the key and those with gold will find that trying to convert gold to one of those categories would mean a severe loss in it’s value before the crash of our financial system.
A word to the wise...purchase only things as your investment that will provide those things mentioned above.